AMO Coin Announces Extension of Lock-up Period for 2.1 Billion AMOs until December 31st

IconCryptoNewsTerminal Staff22 Jul, 2024

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AMO Coin Announces Extension of Lock-up Period for 2.1 Billion AMOs until December 31st

AMO Coin (AMO), a cryptocurrency underpinning an automotive data trading platform, has officially announced via its official X that it would "extend the lock-up period for 2.1 billion AMOs held by the foundation to December 31st to regulate circulation and enhance value for holders." This move is seen as a strategic decision to manage the circulation of AMOs, thus potentially stabilizing and increasing the value for long-term holders. By locking up a significant portion of the foundation's AMOs, the team aims to limit the supply in the market, potentially reducing volatility and creating a more favorable environment for long-term growth. This lock-up extension demonstrates the project's commitment to responsible token management and its focus on delivering long-term value to its community.

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